The trend for the number of new dwellings consented is at its highest level since August 2007, according to this report.
In July 2014, building consents were issued for:
2,282 new dwellings, including apartments – the highest monthly number since April 2008
373 apartments, including 219 retirement village units
1,909 non-apartment dwellings.
The seasonally adjusted number of new dwellings consented, excluding apartments, fell 2.0 percent.
The trend for the number of new dwellings, excluding apartments, is at its highest level since October 2007, and is 90 percent higher than the most-recent low point in March 2011. However, it is still 19 percent below the series peak in September 2003.